The Nordic region's leading window and door manufacturer Inwido has concluded an agreement to acquire 100% of the shares in A-gruppen. In 2006/2007, A-gruppen's sales totalled SEK 160 million with an operating profit (EBITA) of SEK 12 million.
A-gruppen originated in a company that was formed in 1962 and has had a growth rate of approximately 30% over the past ten years with good profitability. The company's operations comprise painting and processing of aluminium extrusions and it is one of the largest players in northern Europe within this field. The company has three production plants in Sweden and one in Poland. Denmark and Sweden account for approximately 90% of sales.
"A-gruppen has shown fantastic development in recent years and is a good strategic acquisition for Inwido within surface treatment of aluminium. We have noted an increased demand for maintenance-free products such as aluminium window frames," says Inwido's CEO Sven-Gunnar Schough commenting on today's acquisition.
Ratos, which owns 95% of Inwido, will not provide any capital in conjunction with today's acquisition.
For further information, please contact:
Leif Johansson, Investment Director Ratos, +46 8 700 17 00
Sven-Gunnar Schough, CEO Inwido, +46 706 02 34 78
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46 8 700 17 63